15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 30.1% per year over the past 5 years.
Operating margin has expanded, at 3.5% in the latest year.
Free cash flow has grown 19.6% per year over the past 5 years.
Financial health
Total debt ($651M) exceeds cash ($121M); net debt is $530M.
Total debt has grown slower than revenue (10.5% vs 30.1% per year).
Operating income covered interest expense 3.5× in the latest year.
Total debt is 3.3× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$4.1B
$72M
24.2%
3.5%
12.0%
3.6%
$88M
$651M
$121M
2024
$3.8B
$55M
24.1%
3.4%
10.3%
3.0%
$104M
$673M
$115M
2023
$3.4B
$35M
23.7%
2.9%
7.6%
2.0%
$4M
$713M
$50M
2022
$2.6B
$28M
23.7%
3.3%
6.9%
1.8%
-$23M
$675M
$159M
2021
$1.7B
-$5M
22.4%
0.6%
-1.4%
-0.5%
-$59M
$393M
$115M
2020
$1.1B
-$83M
22.3%
-9.2%
-24.1%
-8.5%
$36M
$396M
$193M
2019
$1.6B
$24M
24.3%
3.2%
7.2%
2.4%
$29M
$392M
$140M
2018
$1.4B
$20M
24.2%
3.4%
6.6%
2.8%
$25M
$278M
$42M
2017
$1.3B
$14M
25.3%
3.2%
5.8%
2.1%
$19M
$318M
$42M
2016
$1.2B
$3M
25.3%
4.0%
1.6%
0.5%
$22M
$333M
$33M
2015
—
$16M
—
—
8.6%
2.8%
$16M
$274M
$2M
2014
—
$14M
—
—
9.7%
3.8%
-$14M
$144M
$3M
2013
—
$17M
—
—
12.9%
4.8%
-$1M
$148M
$20M
2012
—
$15M
—
—
36.9%
6.9%
$5M
$125M
$118000
2011
—
$8M
—
—
32.7%
7.1%
$15M
$46M
$2M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$1.1B
$30M
25.0%
4.5%
4.3%
1.4%
$36M
$729M
$165M
Jun '26
$1.2B
$34M
25.1%
5.0%
5.2%
1.7%
$49M
$725M
$135M
Mar '26
$1.1B
$17M
24.3%
3.1%
2.9%
0.9%
$31M
$750M
$123M
Dec '25
$1.1B
$22M
24.2%
3.8%
3.6%
1.1%
$66M
$651M
$121M
Sep '25
$1.0B
$19M
24.2%
3.8%
3.3%
1.0%
-$20M
$733M
$65M
Jun '25
$1.0B
$21M
24.6%
3.9%
3.8%
1.1%
$5M
$709M
$97M
Mar '25
$951M
$10M
23.8%
2.4%
1.9%
0.6%
$37M
$701M
$117M
Dec '24
$1.0B
$24M
24.3%
4.5%
4.5%
1.3%
$65M
$673M
$115M
Sep '24
$931M
$14M
24.1%
3.4%
2.9%
0.8%
$12M
$731M
$51M
Jun '24
$955M
$16M
24.0%
3.5%
3.4%
0.9%
$13M
$717M
$38M
Mar '24
$874M
$2M
23.9%
1.8%
0.4%
0.1%
$14M
$723M
$42M
Dec '23
$950M
$16M
24.1%
4.0%
3.5%
0.9%
$19M
$713M
$50M
Sep '23
$882M
$7M
23.6%
2.9%
1.7%
0.4%
-$3M
$704M
$33M
Jun '23
$882M
$10M
23.6%
2.9%
2.3%
0.6%
-$1M
$725M
$60M
Mar '23
$720M
$1M
23.6%
1.7%
0.3%
0.1%
-$11M
$672M
$92M
Dec '22
$791M
$1M
23.7%
3.8%
0.3%
0.1%
-$23M
$675M
$159M
Sep '22
$662M
$8M
23.8%
3.3%
2.2%
0.7%
$4M
$499M
$145M
Jun '22
$648M
$17M
24.1%
4.3%
4.5%
1.5%
$214000
$398M
$52M
Mar '22
$512M
$1M
22.9%
1.2%
0.4%
0.1%
-$4M
$399M
$79M
Dec '21
$558M
$8M
22.5%
2.8%
2.4%
0.8%
-$14M
$393M
$115M
Valuation over time
How the market has priced CHEF against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 53.3× (Mar '23) to 64.2× (Nov '26).
The price-to-sales ratio has risen from 0.6× (Mar '23) to 1.1× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is CHEF growing its revenue and profit?
Over the past 5 years, Chefs' Warehouse, Inc.'s revenue has grown 30.1% per year. These are computed facts, not advice.
How much debt does CHEF have?
As of FY2025, Chefs' Warehouse, Inc. reported $651M of total debt against $121M of cash; operating income covered interest expense 3.5×.
What is CHEF's profit margin?
In FY2025, gross margin was 24.2%, operating margin 3.5%, and net margin 1.7%.
What is CHEF's P/E ratio?
Chefs' Warehouse, Inc.'s P/E (TTM) is 45.36 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CHEF stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 64.2× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.